THE PURPLE ROSE THEATRE COMPANY

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Principal Officer

DAVID LARSEN

Phone

7344337782

Tax Period

2024-09-01 to 2025-08-31

THE PURPLE ROSE THEATRE COMPANY, founded in 1990, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.0M in total revenue in fiscal year 2024.

Mission

THE MISSION OF THE PURPLE ROSE THEATRE IS THE CREATION OF FRESH, ORIGINAL PRODUCTIONS THAT GET AUDIENCES TALKING AMONG THEMSELVES AND FEELING SOMETHING NEW AS WELL AS HELPING ARTISTS ACHIEVE THEIR PROFESSIONAL AND CREATIVE POTENTIAL.

Program Service Accomplishments

Program 1

Expenses: $1,994,641 Revenue: $1,937,289

IN THE 2024-2025 FISCAL YEAR, THE PURPLE ROSE THEATRE COMPANY PUT ON FOUR PRODUCTIONS WHICH INCLUDED OFFICE CHRISTMAS PARTY, FOURTEEN FUNERALS, MY MOTHER AND THE MICHIGAN/OHIO WAR, AND BERT & TRIXIE VISIT THE VET. THE ORGANIZATION SOLD OVER 40,000 TICKETS FOR THESE PERFORMANCES AND BROUGHT IN OVER 1,800,000 IN TICKET REVENUE.

Program 2

Expenses: $147,872

THE PURPLE ROSE THEATRE OFFERS FREE CONCERT READINGS OF NEW PLAYS AS WELL AS OCCASIONAL LECTURES AND PANEL DISCUSSIONS WITH PLAYWRIGHTS, DIRECTORS, DESIGNERS AND ACTORS. THIS PROGRAM IS OFFERED IN...

THE PURPLE ROSE THEATRE OFFERS FREE CONCERT READINGS OF NEW PLAYS AS WELL AS OCCASIONAL LECTURES AND PANEL DISCUSSIONS WITH PLAYWRIGHTS, DIRECTORS, DESIGNERS AND ACTORS. THIS PROGRAM IS OFFERED IN PARTNERSHIP WITH THE CHELSEA DISTRICT LIBRARY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,017,322

Program Service Revenue $1,937,289

Investment Income $79,181

Other Revenue $-48,776

TOTAL REVENUE $2,985,016

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,747,150

Fundraising Expenses $413,760

Program Expenses $2,142,513

Other Expenses $1,184,308

TOTAL EXPENSES $2,931,458

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,985,016	$3,028,613	0.0%
Expenses	$2,931,458	$2,871,950	+0.0%
Net Income	$53,558	$156,663	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

343

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$132,845

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATIE HUBBARD	MANAGING DIR	40.00	Officer	$101,242	$31,603	$132,845
PETER BROWN	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES CRAVES	CO-VICE-CHAI	1.00	Officer Director	$0	$0	$0
PHILIP J CURTIS	DIRECTOR	1.00	Director	$0	$0	$0
AARON DWORKIN	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES EISENDRATH	SECRETARY	1.00	Officer Director	$0	$0	$0
PETER FEENEY	DIRECTOR	1.00	Director	$0	$0	$0
MARTHA FUERSTENAU	DIRECTOR	1.00	Director	$0	$0	$0
SHEILA FORD HAMP	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN K HAMP	DIRECTOR	1.00	Director	$0	$0	$0
DAVID LARSEN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MARIA LEONHAUSER	CO-VICE-CHAI	1.00	Officer Director	$0	$0	$0
DAVID LIGOTTI	TREASURER	1.00	Officer Director	$0	$0	$0
DR YING LI MD	DIRECTOR	1.00	Director	$0	$0	$0
JOHN JH SCHWARZ MD	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE MOSES	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$2,985,016	$2,931,458	$5,907,463	$53,558
2024	$3,028,613	$2,871,950	$5,460,667	$156,663
2023	$2,474,928	$2,819,259	$5,141,718	$-344,331
2022	$2,491,197	$2,471,787	$5,219,917	$19,410
2021	$1,012,041	$1,024,994	$6,043,095	$-12,953
2020	$1,965,007	$2,021,974	$5,472,784	$-56,967
2019	$2,139,503	$2,258,462	$5,210,588	$-118,959
2018	$3,246,087	$2,159,511	$5,024,554	$1,086,576